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Mar 23, 2013
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even with the debt ceiling back in 2011. half of our time between january and june, half of our time was not spent on ledge slayive business. in 2011, it was the fewest number of days we were in session since 1992 and it was coinciding with one of the events that created the highest level of policy uncertainty than any event in the last 20 years. that surpassed the wars, september 11th, just to name some major events. that debt ceiling debacle did more to disrupt the public's confidence in the integrity of the political process in washington. you have to make your elected officials accountable. you have social media. you can build an online community and you get a message multiplier. you can find out where your lawmakers are, are they in session five days a week? they should be working. these are things you can do right now. these are simple but concrete solutions. how can you deal with our ma
even with the debt ceiling back in 2011. half of our time between january and june, half of our time was not spent on ledge slayive business. in 2011, it was the fewest number of days we were in session since 1992 and it was coinciding with one of the events that created the highest level of policy uncertainty than any event in the last 20 years. that surpassed the wars, september 11th, just to name some major events. that debt ceiling debacle did more to disrupt the public's confidence in the...
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Mar 20, 2013
03/13
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maybe we get a debt ceiling fight down the road. washington still hanging on this economy to a great degree, it means the fed -- also nowhere near the unemployment target. there's nothing in the numbers to suggest the fed would be anything but completely dovish. >> sue? >> josh is going to join the conversation now. i think basically ben set it up for us perfectly. it does seem to be the u.s. fed versus the rest of the world. and once again mr. bernanke is presented with a crisis in another part of the world which may have to influence what he does here in the united states. >> that's exactly right. cyprus is going to play a big role in how he deals with europe. i think the fed wants to be curbs. if it's going to make any kind of move, it wants that move to be successful. that's going to be a guiding principle going forward. we have to remember there's a lot of forward looking events like that debt ceiling issue which is going to crop up in the middle of may. how we handle that will influence the economy going forward. we have to th
maybe we get a debt ceiling fight down the road. washington still hanging on this economy to a great degree, it means the fed -- also nowhere near the unemployment target. there's nothing in the numbers to suggest the fed would be anything but completely dovish. >> sue? >> josh is going to join the conversation now. i think basically ben set it up for us perfectly. it does seem to be the u.s. fed versus the rest of the world. and once again mr. bernanke is presented with a crisis in...
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Mar 25, 2013
03/13
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the debt ceiling? >> debt ceiling. it's a continuing resolution. i guess that's been passed. >> already passed. >> the debt ceiling, which i think was anticnated august or september, last week, i haven't checked all of the details. the last time i checked in with this, way back when the republican senators had dinner with president obama,ists told that they didn't expect the debt ceiling issue to come to a head until august or september. so, they've kind of kicked the can down on the road on that one. it will be awhile. i suspects on the budget that will be the next big thing. >> one more time. you may have missed a few if you were out of town but michelle bachman gave a controversial speech at cpac where she went after the president for living a life of luxury in the white house including the fact that he had, you know, six-figured dog walker, dana bash from cnn tried to chase down michelle bachman. she had to chase her down running, michelle bachman running away. we will play a quick clip where she refuses to back up her charge about the dog walk
the debt ceiling? >> debt ceiling. it's a continuing resolution. i guess that's been passed. >> already passed. >> the debt ceiling, which i think was anticnated august or september, last week, i haven't checked all of the details. the last time i checked in with this, way back when the republican senators had dinner with president obama,ists told that they didn't expect the debt ceiling issue to come to a head until august or september. so, they've kind of kicked the can down...
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Mar 21, 2013
03/13
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we were down two years ago when we had spain one and the first debt ceiling, we were down 10%. this week we're barely down at all, maybe a percent. every time we get through one of these and we will get through this, more and more investors become convinced that the category 10 earthquake has already happened. and long-dated assets like equities should be worth what we think they are worth based on long-term fair value assessments. we think the s&p should be trading 17, 18 times. >> let me get more personal, then, steve. are you a buyer, as we see any kind of cyprus-inspired dips like today, like recently, would you be a buyer? >> absolutely. we're recommending people be overweight eck witdquityequitie. that's what we would be doing here, mandy. i think jack's going to be waiting a long time. europe's going to have a series of these aftershocks, but it's part of the healing process. i think they will get through this cyprus thing. i think most european aren't even sure if cyprus is part of the eu. it's got this russian interest which makes it very unique. it's very different th
we were down two years ago when we had spain one and the first debt ceiling, we were down 10%. this week we're barely down at all, maybe a percent. every time we get through one of these and we will get through this, more and more investors become convinced that the category 10 earthquake has already happened. and long-dated assets like equities should be worth what we think they are worth based on long-term fair value assessments. we think the s&p should be trading 17, 18 times. >>...
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Mar 18, 2013
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ceiling vote coming up soon. we have to stop the spending -- >> neil: you used to work there, and i always think there's a method to all madness, and i think that someone there, within the ranks of the party establish; must be saying, we can't agreg aggressively push this because maybe in and of itself, pushing the idea of immediately attacking the debt and we don't, immediately backfires on us. >> i'll go bark the words of the former chairman of the joint chiefs of staff mullen who said our debt is the most critical national security crisis of the country. that it is coming from the chairman of the joint chiefs of staff. i believe everybody else in washington, dc would get onboard. you would not think that something such as that financial matter would have something to do with national security but it does you. look at what its going on with the missile interceptors we're moving up into alaska, it's costing us now two to three times what should it have cost, and we'll hear to borrow money from china, in order to
ceiling vote coming up soon. we have to stop the spending -- >> neil: you used to work there, and i always think there's a method to all madness, and i think that someone there, within the ranks of the party establish; must be saying, we can't agreg aggressively push this because maybe in and of itself, pushing the idea of immediately attacking the debt and we don't, immediately backfires on us. >> i'll go bark the words of the former chairman of the joint chiefs of staff mullen who...
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Mar 20, 2013
03/13
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that or the debt ceiling deadline coming up in the spring. we don't know if we'll get a reprieve turned into a pardon. >> thank you, sir. >>> the governor of colorado today signed new laws that regulate the sales of guns. hours earlier somebody gunned down one of his state's top law enforcement officials. the man who heads the bureau of prisons, opens the door and he's shot dead. connection? the latest from both ends of this important story coming up. max and penny keptur bookstore exciting and would always come to my rescue. but as time passed, i started to notice max just wasn't himself. and i knew he'd feel better if he lost a little weight. so i switched to purina cat chow healthy weight formula. i just fed the recommended amount... and they both loved the taste. after a few months max's "special powers" returned... and i got my hero back. purina cat chow healthy weight. after a few months max's "special powers" returned... with an intuitive motion activated lid and seat,ad bold makes sure you'll never have to ask him again. >> shepard: t
that or the debt ceiling deadline coming up in the spring. we don't know if we'll get a reprieve turned into a pardon. >> thank you, sir. >>> the governor of colorado today signed new laws that regulate the sales of guns. hours earlier somebody gunned down one of his state's top law enforcement officials. the man who heads the bureau of prisons, opens the door and he's shot dead. connection? the latest from both ends of this important story coming up. max and penny keptur...
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Mar 19, 2013
03/13
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ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we have several problems. the trillion dollars that obama obama -- obamacare tax increases in this decade have begun to hit now. oddly enough the democrats in the house and senate decided to put the tax increases, both of them after the 2012 election so everybody voted and now the tax increase has hit. this is not helpful for the economy and they think it's going to be unpleasant. >> host: up next from watertown south dakota on the democratic line. good morning, ron. >> caller: good morning and thanks for taking my call. i listened to you f
ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion...
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Mar 23, 2013
03/13
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the debt ceiling back in 2011. half our time in the senate between january and june, half of our time was not spent on legislative business. in fact in 2011 alone, it was one of the fewest number of days we've been in session since 1992 and here it was coinciding with one of the event that created the highest level of policy uncertainty of any event over the last 20 years, surpassing the wars, surpassing the financial crises, september 11th. just to name some major events. and that debt ceiling debacle did more to disrupt the public's confidence in the integrity of the political process in washington. so you have to make your elected officials accountable. have you social media, you can build an online community instantaneously and you get a message multiplier. by doing that you can find out where your law makers are. are they in session five days a week? they should be working. these are things you can be doing now. these are simple solutions but concrete ones. how can you deal with the issues of our day in two an
the debt ceiling back in 2011. half our time in the senate between january and june, half of our time was not spent on legislative business. in fact in 2011 alone, it was one of the fewest number of days we've been in session since 1992 and here it was coinciding with one of the event that created the highest level of policy uncertainty of any event over the last 20 years, surpassing the wars, surpassing the financial crises, september 11th. just to name some major events. and that debt ceiling...
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Mar 25, 2013
03/13
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they'll want something in exchange for voting to raise the debt ceiling but won't be a big midnight battle like the last couple. >> thanks so much. >> thank you. >>> today's tweet of the day comes from pentagon press secretary george little. today is national medal of honor day. take a moment to retweet a salute to medal of honor recipients throughout american history. #heroes. n horn but... ♪ toot toot. [ male announcer ] find gevalia in the coffee aisle or at gevalia.com in that time there've been some good days. and some difficult ones. but, through it all we've persevered, supporting some of the biggest ideas in modern history. so why should our history matter to you? because for more than two centuries, we've been helping ideas move from ambition to achievement. ♪ and the next great idea could be yours. ♪ >>> the weather is giving new meaning to the term march madness. a major storm dumping several inches of snow on a wide area from the midwest to the mid-atlantic. st. louis has gotten about a foot. it is the biggest one day total ever for march. weather channel meteorologist mi
they'll want something in exchange for voting to raise the debt ceiling but won't be a big midnight battle like the last couple. >> thanks so much. >> thank you. >>> today's tweet of the day comes from pentagon press secretary george little. today is national medal of honor day. take a moment to retweet a salute to medal of honor recipients throughout american history. #heroes. n horn but... ♪ toot toot. [ male announcer ] find gevalia in the coffee aisle or at...
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Mar 21, 2013
03/13
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the debt ceiling. if we do that, if we put a balanced budget amendment on the floor of the house and senate and if it passes i'll be ready to look at increasing the debt ceiling for the president. if that doesn't happen, i don't see a reason to raise the debt ceiling. let's stare him down on that until somebody gives in. we need to get this spending under control. and the irresponsible policies is not the way to go. obamacare needs to be repealed. we need to restore the rule of law in this country. we got to shrink down the welfare package that's out here. 80 different means tested welfare programs in the united states, just $2.5 trillion for the illegal component of this. a whole lot more if we don't get these entitlements under control. mr. speaker, the solutions are here. they are on this side of the aisle. they're actually in the platform. i endorse many of them. i appreciate your attention and i yield back the balance of my ime. the speaker pro tempore: the gentleman yields back his time. does the
the debt ceiling. if we do that, if we put a balanced budget amendment on the floor of the house and senate and if it passes i'll be ready to look at increasing the debt ceiling for the president. if that doesn't happen, i don't see a reason to raise the debt ceiling. let's stare him down on that until somebody gives in. we need to get this spending under control. and the irresponsible policies is not the way to go. obamacare needs to be repealed. we need to restore the rule of law in this...
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Mar 21, 2013
03/13
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we've got it coming up, the debt ceiling in may, and 27th of this month, we are running out of money. we've got to extend that as well. so i think those are the opportunities where you actually have cash on the sidelines, get in. >> then there's jim lacamp. you say when the music stops, forget about looking for a chair to sit in, get out of the room altogether. why? >> there are a lot of things we have to worry about, bill and maria. this cyprus thing is going to set some really strange precedents for the rest of the periphery. what's going to happen when they re-open these banks? we don't know. are people going to pull all their money out? i think they will. that's going to spill over to spanish and portuguese banks. if you could take your money across the street and put it in a german bank, why in the heck would you leave it in a spanish bank, a greek bank, a cyprus bank? you wouldn't. >> why would that push our stock market lower there, though? >> we have a stock market, bill, that's responding the to and improving global economy. everybody has thought, oh, europe is getting better
we've got it coming up, the debt ceiling in may, and 27th of this month, we are running out of money. we've got to extend that as well. so i think those are the opportunities where you actually have cash on the sidelines, get in. >> then there's jim lacamp. you say when the music stops, forget about looking for a chair to sit in, get out of the room altogether. why? >> there are a lot of things we have to worry about, bill and maria. this cyprus thing is going to set some really...
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Mar 21, 2013
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that almost certainly means we're headed to a very big fight over the debt ceiling late they are spring, into the early summer. >> but tucked away in that continuing resolution are some hidden items on guns. making permanent some of the restrictions on the federal government's ability to regulate guns. they're not the major ones, but they were tucked away in there. when people aren't looking at the continuing president, the nra is still holding sway. >> well and andrea, you know, in the wake of newtown, i think we all grappled with the possibility that the politics surrounding gun control had been fundamentally changed. i would say what's happened in the months since then, stripping the assault weapons ban out, skepticism about background checks and high-capacity magazines, suggests that newtown may have changed things for a time, but it's possible it did not change broadly how the public thinks about gun rights, gun restrictions, you know, and et cetera. >> chris cillizza, thank you very much, see you later. and meanwhile, speaking of guns in colorado, the manhunt continues and widens
that almost certainly means we're headed to a very big fight over the debt ceiling late they are spring, into the early summer. >> but tucked away in that continuing resolution are some hidden items on guns. making permanent some of the restrictions on the federal government's ability to regulate guns. they're not the major ones, but they were tucked away in there. when people aren't looking at the continuing president, the nra is still holding sway. >> well and andrea, you know, in...
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Mar 21, 2013
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ceiling debates, they are going to have to shut the government down. we still take in 2.7 trillion, will pay for medicare, social security, will pay off our debt, the full faith and credit of the united states, but isn't that the only way that ryan's budget gets done? >> no, no, not at all. ryan's budget, you know, we're going to have a series of sequential battles. what's going to happen is the democrats in the senate are going to ultimately pass some kind of a budget resolution. i doubt it's going to be like this one. republicans in the the house are going to pass the budget committee resolution and these set levels for all of the appropriations committee allowing for protection and that is to say you can have expedited consideration of appropriations bills that fall under that level. the republicans are going to pass bills that have spending lower than the democrats. the democrats are going to have bills, they're higher than the republicans and then we're going to fight it out bill by bill by bill by bill through the balance of the year and see a cl
ceiling debates, they are going to have to shut the government down. we still take in 2.7 trillion, will pay for medicare, social security, will pay off our debt, the full faith and credit of the united states, but isn't that the only way that ryan's budget gets done? >> no, no, not at all. ryan's budget, you know, we're going to have a series of sequential battles. what's going to happen is the democrats in the senate are going to ultimately pass some kind of a budget resolution. i doubt...
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Mar 24, 2013
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this is something that will come up again with the debt ceiling fight this summer. but if you look at what the senate just passed, this is as christina said, they want to raise taxes. >> guys, let's switch to gun control here. christina, there's mention of the push for the gun control measures. a new gun control law was signed into law described as tough but does not ban semiautomatic assault weapons. here's the governor today. >> i get the feeling right now around assault weapons is that it's hard to define what assault weapons is, whether the ten-year ban, the federal ban made a difference. >> so colorado can't pass a ban on semiautomatic assault weapons. do you take that as a sign it's not going to pass in any state? >> well, it's really hard to know. every state is different. but there is a huge question here. lawmakers feel a lot of pressure from gun lobbyists, gun rights groups and this is why the effort is so interesting. he says he's going to spend $12 million to really look at senators that might be persuadable, particularly those with strong gun rights cul
this is something that will come up again with the debt ceiling fight this summer. but if you look at what the senate just passed, this is as christina said, they want to raise taxes. >> guys, let's switch to gun control here. christina, there's mention of the push for the gun control measures. a new gun control law was signed into law described as tough but does not ban semiautomatic assault weapons. here's the governor today. >> i get the feeling right now around assault weapons...
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Mar 22, 2013
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jon: but, judy, the republicans caved on things like the fiscal cliff and the debt ceiling. it seemed like he was a on a roll in the early weeks. >> right, jon, but that may establish the point which is, that if you start out with a lower level of popularity than presidents traditionally started out, their second term, you have further to fall, to rise in the polls if you're numbers go up but you have less to fall if, below to get that below that 50% mark. if you start out with a highly partisan, politicized electorate they will really come down on you like a ton of bricks if you do anything they don't like, which is a point that nate silver made in a recent analysis on the polling drop. i think coming right after this, the president's, what seems to be a very successful trip to the middle east just shows you that the american people are focused on the economy and they're focused on economic uncertainty. they're not focused on foreign policy as much as some of us would like, they really care about whether or not he's going to deliver any economic prosperity in the second ter
jon: but, judy, the republicans caved on things like the fiscal cliff and the debt ceiling. it seemed like he was a on a roll in the early weeks. >> right, jon, but that may establish the point which is, that if you start out with a lower level of popularity than presidents traditionally started out, their second term, you have further to fall, to rise in the polls if you're numbers go up but you have less to fall if, below to get that below that 50% mark. if you start out with a highly...
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Mar 20, 2013
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. >> if there is no deal by the end of july early august will you vote to raise the nation's debt ceiling? that's when it has to be raised. >> i'm not going to get into what we will or will not do. i do believe that we can make sure the default is not going to happen. i'm not really worried about us defeating. i think we can give the authority to the president to prevent default. i have to tell you, wolf. we can't keep running up deficits like this. it will damage our economy deeply and people are saying that we don't have a crisis on the horizon. of course we do. we've got a debt that is on a tear right now. if the debt takes off like it's projected to do, it's not only hurting our economy today but destroying it for the next generation. we just can't sit around and be complicit with that. that means we have to do something about it. >> let me get your thoughts on a couple sensitive issues coming before congress. immigration reform. do you support a pathway to citizenship for the 11 or 12 million illegal immigrants in the united states? >> well, i think we can get the comprehensive immig
. >> if there is no deal by the end of july early august will you vote to raise the nation's debt ceiling? that's when it has to be raised. >> i'm not going to get into what we will or will not do. i do believe that we can make sure the default is not going to happen. i'm not really worried about us defeating. i think we can give the authority to the president to prevent default. i have to tell you, wolf. we can't keep running up deficits like this. it will damage our economy deeply...
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Mar 21, 2013
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>> it would be only for a few months, so we still face the debt ceiling issue very shortly. >> bill: that comes up next and i think this extension goes until september if i recall seeing -- >> that's right. the end of the fiscal year uh-huh. >> bill: right. congress woman judy chew who represents the seat formerly hell by our good friend hilda solis. who often has come in studio with us. we look forward to seeing you come in the studio with us some day as well. on the issue of immigration reform, even rand paul came out and didn't go as far as the president, but he did say -- put himself in the camp of those who think it's time for immigration reform, dealing with that issue with those of us from southern california have been dealing with for a long time. are you optimistic about chances? >> i am optimistic in this time of people thinking of us being at a partisan strangle hold there is cooperation here. i was very encouraged about the work put out, i do believe that the immigration reform bill will move award. >> bill: if it moves ahead and republicans support it and they always sho
>> it would be only for a few months, so we still face the debt ceiling issue very shortly. >> bill: that comes up next and i think this extension goes until september if i recall seeing -- >> that's right. the end of the fiscal year uh-huh. >> bill: right. congress woman judy chew who represents the seat formerly hell by our good friend hilda solis. who often has come in studio with us. we look forward to seeing you come in the studio with us some day as well. on the...
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Mar 22, 2013
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ceiling, some other republicans who were there actually walked out of the room. this year we did not have that. more willing to listen. wing of theextreme tea party typically does not attend the harvard new members conferences. [laughter] >> among economists, is very significant debate about your estimate, and if so, what are would we bees that doing that we would be tangling with you on? >> that is a great question. the original estimates came back to us early on from a former student of mine who was working in the administration and who is a brilliant student from omb. he called me and said i have been tasked with setting up a committee to scrutinize all the numbers in your book and to discredit them. i just want to let you know that. i said ok, fine. he came back to me six months later and said i want to tell you we have been through the book with a fine tooth comb. we cannot discredit any of the numbers because they are all on our own numbers. we are going to argue that it was worth it. during that time came out -- argument was not so much around the numbers.
ceiling, some other republicans who were there actually walked out of the room. this year we did not have that. more willing to listen. wing of theextreme tea party typically does not attend the harvard new members conferences. [laughter] >> among economists, is very significant debate about your estimate, and if so, what are would we bees that doing that we would be tangling with you on? >> that is a great question. the original estimates came back to us early on from a former...
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Mar 21, 2013
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ceiling, there's fiscal cliffs, there's all of thee things. yet if you look back at this past four years the economy has continue to grow. it is what we call the plow horse economy. it is not going to fall over. it is going to keep moving forward, productivity is improving. efficiency is improving and profitability is improving. and that's what's been driving the economy and the stock market. >> one last quick comment, chad. >> it is a big "but." brian is correct that the u.s. government -- u.s. economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just setting up my twitter. since then the media giant has become a staple for
ceiling, there's fiscal cliffs, there's all of thee things. yet if you look back at this past four years the economy has continue to grow. it is what we call the plow horse economy. it is not going to fall over. it is going to keep moving forward, productivity is improving. efficiency is improving and profitability is improving. and that's what's been driving the economy and the stock market. >> one last quick comment, chad. >> it is a big "but." brian is correct that the...